A still from Nutmeg's TV ad campaign. Nutmeg Digital wealth manager Nutmeg has raised £30 million ($37.3 million) after changing CEOs in the spring.

British Chancellor Philip Hammond says the deal "confirms the UK's position as the global FinTech capital" in a statement.

Nutmeg claims the funding round, led by Hong Kong's largest independent financial advisory firm Convoy, is the largest into British fintech since June's Brexit vote. It takes the total raised by Nutmeg to £59.4 million.

Philip Hammond says in an emailed statement:

"Britain is leading the way forward in global FinTech. It's an industry that is going from strength to strength and today's announcement confirms the UK's position as the global FinTech capital. This is another international investment into a home-grown UK company, demonstrating the UK is open for business‎."

The funding announcement coincides with the first day of a fintech trade mission to Singapore led by the Economic Secretary to the Treasury, Simon Kirby MP.

Hong Kong's Convoy is investing £24 million and Nutmeg's existing investors have contributed the rest, including asset manager Schroders and leading London venture capital fund Balderton Capital. Nutmeg says the funding will be used to "accelerate growth and expand its offering."

Nutmeg offers wealth management services online for as little as £500, well below the traditional investment threshold. The company has over £500 million of assets under management, according to Monday's release, and has over 20,000 customers. Nutmeg says 10,000 of those customers have come in the last year alone.

Martin Stead, Nutmeg's CEO. Nutmeg Nutmeg says in a release announcing the deal that the funding will allow it to "rapidly scale the UK business" and "also opens the door to expansion into Asia." Johnny Chen, a senior advisor to Convoy and former Greater China CEO of Zurich Insurance, will join Nutmeg's board as part of the deal.

Stead says in a statement announcing the deal: "Disrupting an exclusive industry was always going to be a tough challenge, but it is one that we relish. Nutmeg is successfully enabling people from all walks of life to get their money working harder.

"Our ten risk-based portfolios have delivered returns of 6.5% to 47%1 in the past four years and with interest rates at all-time lows and inflation on the rise, there has never been a better time to invest with Nutmeg."